City
St. Thomas, Ontario
Canada layoff tracker · since October 2025
400
people laid off
1
companies affected
1
layoff events
1
industries
By Industry
Manufacturing
400
Largest Single Event
Magna International — 400 people
May 2026 · Manufacturing
All layoff events in St. Thomas
View Details for Magna International
Magna International Layoffs 2026Media Report
Magna International announced layoffs of approximately 400 workers at its Formet Industries factory in St. Thomas, Ontario, representing about one quarter of the plant's 1,600-person workforce. The layoffs are a result of declining sales of full-size trucks and sport utility vehicles as the downturn works through from automakers to suppliers.
400
people